According to the latest data released by Word Steel Association (WSA), the total crude steel production of 66 steel manufacturing countries moved up by 4% Y-o-Y basis to 1.689 BnT in CY17 against 1.627 BnT in CY16. World Steel Association (WSA) has recently released steel production figures of top steel makers in CY17.
1. Arcelor Mittal – World’s leading integrated steel making company – Arcelor Mittal continues to remain the top steel maker with tonnage of 97.03 MnT in CY17 compared to 95.45 MnT in previous year.
2. China Baowu Group – China Baowu Steel Group Corporation (Baowu Group), established through the consolidation and restructuring of former Baosteel Group Corporation and Wuhan Iron & Steel (Group) Corporation. The company stood 2nd in the list with tonnage of 65.39 MnT in CY17, up 2.5% Y-o-Y.
3. Nippon Steel and Sumitomo Metal Corporation (NSSMC) – Japan based steel making company stood 3rd in the list with tonnage of 47.36 MnT in CY17 against 44.65 MnT in previous year.
4. HBIS Group – China based steel making company recorded tonnage of 45.56 MnT in CY17, down by 1% Y-o-Y.
5. POSCO – South Korean steel making company – POSCO achieved tonnage of 42.19 MnT in CY17 against 41.8 MnT in previous year.
6. Shagang Group – China’s Shagang Group recorded tonnage of 38.35 MnT in CY17 compared to 33.25 MnT in previous year.
7. Ansteel Group – China’s Ansteel Group stood in 7th position. The company was formed from merger of Anshan Iron & Steel Group Corporation & Pangang group Co. The company achieved tonnage of 35.76 MnT last year compared to 33.19 MnT in previous year.
8. JFE Steel Corporation – Japanese steel making company – JFE Steel reported tonnage of 30.15 MnT in CY17 down marginally compared to 30.29 MnT in previous year.
9. Shougang Group – China’s Shougang Group stood 9th in the list with tonnage of 27.63 MnT in CY17, up 3% Y-o-Y.
10. Tata Steel Group – Indian multinational steel making company – Tata Steel remained 10th in the list with tonnage of 25.11 MnT, up 2.5% Y-o-Y. The company has recently acquired Bhushan Steel which has capacity of around 5-5.5 MnT.
JSW Steel’s ranking escalates by two positions – India’s JSW Steel has jumped by two positions in the list and stood at 19th position with tonnage of 16.06 MnT in CY17, against 14.91 MnT in previous year. The company plans to expand steel making capacity to 24.7 MnT by 2020.
– Steel Authority of India Limited (SAIL) stood 25th in the list and recorded tonnage of 14.8 MnT in CY17, up 2.9% Y-o-Y.
– India’s Essar Steel recorded tonnage of 6.03 MnT in CY17 compared to 7.45 MnT in previous year. The company is undergoing insolvency resolution process.
– Rashtriya Ispat Nigam Ltd also known as Vizag Steel recorded increase of 15% Y-o-Y in tonnage to 4.41 MnT in CY17.
– Jindal Steel & Power Limited recorded stability against previous year in tonnage and recorded 3.48 MnT in CY17
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